Elon Musk's Twitter moves were 'reaffirming' says Reddit boss amid API changes
Reddit CEO Steve Huffman has come out and said what legions of redditors feared – that a business plan to turn a profit by increasing the price of API access has been"reaffirmed" by a look at the Book of Musk.late last week, he appeared to admit that Elon Musk's takeover of Twitter should be an example for Reddit to follow.
He also said that he often wondered why Twitter couldn't turn a profit under previous management despite 2021 revenue of $5.1 billion."As a company smaller than theirs, sub-$1 billion in revenue, I used to look at Twitter and say, 'Well, why can't they break even at 4 or 5 billion in revenue? What about their business do we not understand?' Because I think we should be able to do that quite handsomely.
It's something of an about-turn from the company's position on the API charge increases, at least according to the developer of Apollo, an iOS client for interacting with Reddit.
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